李蕾商务英语函电课后题答案9.docVIP

Unit Nine Insurance Part Five: Exercises I. Answer the Following Questions: 1. The purpose of insurance is to provide compensation to a person or a group of persons or a company who suffers from loss or damage. So it is actually a contract of indemnity, in which the insurance company promises to pay the insured either the total or part of amount of loss to be insured. 2. International transpoatation insurance is calculated on the basis of CIF + 10%. 3. 110% of the invoice value. 4. Sometimes, buyers may request insurances to cover more than 110%. In such circumstances, the extra premium wil